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    Jim Chalmers

    Today

    Chalmers and Dutton put their economic credibility on the line

    Chalmers has made a big, bold gamble on inflation, risking the living standards of millions, while Dutton’s rhetoric is bigger than the reality on immigration.

    • 1 hr ago
    • John Kehoe

    Albanese and Dutton fight on the home front for voters

    With the countdown now on to the election, both sides have used budget week to stake out their territory and target the voters they need to win.

    • Andrew Tillett

    Yesterday

    Treasurer Jim Chalmers: politicians spent a long time telling voters that they were hard done by, and government was there to help.

    This budget sees the return of government as saviour

    Two decades ago, Australia was poised to shed the hard-done-by battler mindset. Now it is more entrenched than ever.

    • Phillip Coorey
    Susan Lloyd-Hurwitz, who chairs  the National Housing Supply and Affordability Council, says things will get worse before they get better.

    The big fail in Australia’s housing

    The Albanese government’s promises of 1.2 million homes over five years are now in the realm of political fantasy, despite the billions of dollars it has pledged for housing.

    • Jennifer Hewett
    Applause from colleagues, but it’s really an ominous message.

    Australia’s new course is to be managed decline

    The budget is our politics writ small: too lacking in confidence and optimism to seek out new growth.

    • John Roskam
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    Lithium mining in Western Australia. There is a cogent argument for refining critical minerals here.

    It’s right for Australia to join the critical minerals subsidy rush

    The scepticism about government interventions is understandable. But this time, they are creating new industries of immense value.

    • Warren Pearce

    This Month

    Treasurer Jim Chalmers at the National Press Club on Wednesday.

    Chalmers confronts his economic critics

    The treasurer insists his budget gets the balance right, even if the economists don’t agree. What will the Reserve Bank and the voters think?

    • Updated
    • Jennifer Hewett
    In contrast to those times, there is no credible fiscal framework to rebuild the economy’s fiscal buffers.

    Chalmers’ budget boast overlooks Australia’s debt mountain

    The substantial fiscal challenge from the budget is a forecast decade of deficits and highest plateau of federal government net debt for more than half a century.

    • The AFR View
    Westpac chairman Steven Gregg with Treasurer Jim Chalmers at the post-budget lunch.

    Dutton rejects ‘Rich Lister’ tax cuts

    The opposition has blasted $27.8 billion in production credits in the budget as “tax cuts for billionaires”, vowing to repeal them if elected.

    • Phillip Coorey and Brad Thompson
    RSM Australia’s Jessica Olivier is an immigration success story.

    Careful return to migration trends needed, Labor urged

    Efforts to better manage immigration levels must not undercut the university sector and efforts to address skilled worker shortages across the economy, experts say.

    • Tom McIlroy
    More than $80 billion of under-the-radar spending on initiatives such as Snowy Hydro, NBN and clean energy undermines budget forecasts, Saul Eslake says.

    ‘Dangerous’ to rely on key budget number given $80b spending splurge

    More than $80 billion of under-the-radar spending on initiatives such as Snowy Hydro, NBN and clean energy undermines budget deficit forecasts, Saul Eslake says.

    • John Kehoe
    UniSuper chief investment officer John Pearce and Australian Investment Council chief executive Navleen Prasad.

    Investors welcome Chalmers’ new ‘front door’ service (with caveats)

    Big investors want to be consulted as the proposal for an investment concierge moves from budget papers into reality.

    • John Kehoe
    Deloitte chairman Tom Imbesi, Future Women founder Helen McCabe, Deloitte chief Adam Powick, and ex-politico Tony Smith at the National Press Club on Wednesday.

    Liontown’s Tim Goyder turns up to thank Jim Chalmers

    Heavy hitters wary of party political functions have grown fond of the National Press Club’s Great Hall lunch.

    • Myriam Robin
    A worker installs a solar panel on the roof of an Australian home.

    Treasury debunks Albanese’s solar and battery push

    Treasury says there is a “strong case” for green hydrogen and green metals have “significant potential”. Making solar panels and batteries is another story.

    • Ronald Mizen
    Shanae and Jade, 2005, a LightJet print by Petrina Hecks, carried an estimate of $20,000 to $30,000 in Deutscher and Hackett’s Australian and International Fine Art online auction on 14 May 2024.

    A little bird delivers record price for photographer

    A bird in the hand might be worth two in the bush, but Petrina Hicks’ photo of a budgie in a girl’s mouth was worth plenty on an otherwise disappointing night.

    • Elizabeth Fortescue
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    A beach house in the Sunshine Coast, Queensland.

    Holiday home owners to get $600 in power bill discounts

    Holiday and second home owners will receive multiple $300 energy bill credits, after the government says all households would automatically receive the benefit.

    • Updated
    • John Kehoe and Elouise Fowler
    Federal Treasurer Jim Chalmers at the National Press Club post-budget event in Parliament House on Wednesday.

    Chalmers is telling a big budget fib

    Treasurer Jim Chalmers stood in front of 600 guests at his post-budget speech in Parliament House on Wednesday and repeated a misleading number about spending.

    • John Kehoe

    Why Chalmers’ budget made me very grumpy

    I’m feeling as grumpy as I appear in my headshot. That’s because the big ask of the budget was not to poke the inflationary bear. It didn’t pass that test.

    • Chris Richardson

    WA GST deal to cost federal taxpayers $53b and rising: budget

    The deal will cost $44 billion more than originally promised, but neither side of politics dares change it for fear of losing seats in the west.

    • Phillip Coorey

    Wages growth slows; Miners hail budget tax credits; BHP’s new pitch

    Read everything that’s happened in the news so far today.